Quote:
Originally Posted by Kngkyle
Just because home ownership has historically been a good way to build wealth doesn't mean it's the only way, or that it's going to continue to be as good as it has historically been. Additionally, the family structure has changed significantly with less kids and more flexible work arrangements that can change the rent vs. own decision making process.
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I don't even think home ownership has historically been a good way to build wealth. 401k programs are probably a more effective tool for that purpose.
I don't think there's anything wrong with wanting to own your own home, but I think people should chill out with the propaganda about it being a tool for wealth generation. At the macro level, it's not really good for that.